Delaware Joint Nondisclosure Agreement for Use in Technology Transactions

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US-TC0306
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Description

This joint nondisclosure agreement is used to provide appropriate protection for confidential information. It defines "confidential information" and prescribes the way it may and may not be used.

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FAQ

A Delaware non-disclosure agreement is a legal contract that obligates one (1) or two (2) parties to prevent confidential information from reaching the hands of a third (3rd) party or competing business.

In a unilateral NDA, One party promises to keep confidential material belonging to the other party privately. In an MNDA, both parties agree not to reveal the confidential information of the other.

Expect to see the parts of an NDA listed above, including the identification of parties, definitions, obligations, scope, time frame, return of information, exclusions, and remedies. There may also be clauses about mutual non-disclosure or non-solicitation, as well as one stating the jurisdiction for handling disputes.

The Parties further acknowledge and agree that no representation or warranty, express or implied, is or will be made, and no responsibility or liability is or will be accepted by either Party, or by any of its respective directors, officers, employees, agents or advisers, as to, or in relation to, the accuracy of ...

Besides naming all parties to the NDA, five essential elements every NDA should include are: Description Of The Confidential Information. ... Requirements And Obligations Of The Parties. ... Exclusions To The Confidentiality Agreement. ... Term Of The Non-Disclosure Agreement. ... Consequences Of Breach Of The NDA.

The specific information that should be protected by a mutual NDA will depend on the circumstances of the agreement, but generally includes any information that is not generally known to the public and that has commercial value to the disclosing party.

A mutual confidentiality agreement is also sometimes called a mutual non-disclosure agreement. It is a legal document and contract that requires both parties that sign the agreement to not disclose any information protected by the agreement.

A bilateral NDA (sometimes referred to as a mutual NDA or a two-way NDA) involves two parties where both parties anticipate disclosing information to one another that each intends to protect from further disclosure. This type of NDA is common for businesses considering some kind of joint venture or merger.

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Delaware Joint Nondisclosure Agreement for Use in Technology Transactions